Latest news with #Companys
Business Standard
31-07-2025
- Business
- Business Standard
India Glycols Ltd
Board Meeting Intimation for Consider And Approve Unaudited Financial Results (Standalone & Consolidated) Of The Company For The First Quarter Ended 30Th June 2025. India Glycols Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/08/2025 inter alia to consider and approve Unaudited Financial Results (Standalone & Consolidated) of the Company for the first quarter ended 30th June information is being hosted on the Companys website at Further as intimated vide our letter dated 26th June 2025 pursuant to the Companys Code of Conduct for Regulating Monitoring and Reporting Trading in Securities the Trading Window for trading in the shares of the Company which has been closed for Designated Persons from Tuesday 1st July 2025 shall remain closed till Saturday 9th August 2025 (both days inclusive).
Business Standard
17-07-2025
- Business
- Business Standard
Polycab India Q1 PAT jumps 49% YoY to Rs 600 cr
Polycab India's consolidated net profit spiked 49.32% to Rs 599.70 crore on a 25.71% rise in revenue from operations to Rs 5,906 crore in Q1 FY26 over Q1 FY25. The strong revenue growth was driven by robust performance in the wires and cables (W&C) segment, supported by sustained growth momentum in the fast-moving electrical goods (FMEG) business. Profit before tax was at Rs 800.59 crore in Q1 FY26, reflecting a growth of 50.10% from Rs 533.37 crore reported in Q1 FY25. EBITDA jumped 47% YoY to Rs 857.60 crore in the quarter ended 30 June 2025. EBITDA margin improved to 14.5% in Q1 FY26 as against 12.4% in Q1 FY25, supported by strategic pricing revisions, improved operational efficiency, and a favourable business mix. On the segmental front, wires & cables business revenue grew by 30.85% YoY to Rs 5,228.6 crore in Q1 FY26, supported by sustained demand across core sectors. Key growth drivers included higher government expenditure, better project execution and rising commodity prices. The domestic business grew by 32% YoY, with cables growth once again outpacing wires. Both channel and institutional business showed healthy traction. The international business grew 24% YoY albeit on a low base and accounted for 5.2% of the Companys topline. EBIT margins for the quarter expanded by 190 bps YoY to 14.7%, aided by strategic price adjustments and operating leverage. The FMEG business continued its healthy growth trajectory to register an 18% YoY growth to Rs 454.23 crore in Q1 FY26. The fans segment witnessed a muted performance, impacted by a shorter summer season. However, categories like lights, switchgears, switches, and conduit pipes & fittings, delivered healthy growth, supported by steady demand from the real estate sector. Solar products sustained their robust growth trajectory, clocking more than 2x YoY growth and emerging as the largest category within the FMEG portfolio. Notably, the business continued its upward margin trend, achieving a second consecutive profitable quarter. Margin improvement was supported by portfolio-wide gross margin expansion, driven by a shift toward premium products, and better operating leverage from scaling efficiencies. The EPC business registered a de-growth of 19% YoY during the quarter to Rs 347.40 crore, with EBIT margins at 7.7%. As of 30 June 2025, net cash position stood at Rs 3,100 crore, against Rs 1,640 Bn in the same quarter previous year. Commenting on the performance, Inder T. Jaisinghani, chairman and managing director, Polycab India, said: We have started FY 2026 on a strong footing, delivering our highest-ever first-quarter revenue and profitability. Our Wires and Cables business continued to perform well, driven by sustained domestic demand, while our international business also delivered healthy year-on-year growth. The FMEG segment maintained its positive trajectory, marking its second consecutive profitable quarter, supported by a sharper focus on premium offerings and improved operating leverage. With continued momentum in government spending and improving project execution on the ground, we are confident in our ability to capitalise on the opportunities that lie ahead. As we progress on our five-year roadmap under Project Spring, we remain sharply focused on the strategic pillars that will drive the next phase of Polycabs growth and transformation. Polycab India is the largest manufacturer of wires and cables in India and a fast-growing player in the Fast Moving Electrical Goods (FMEG) space. The Group is also in the business of engineering, procurement, and construction (EPC) projects. Shares of Polycab India shed 0.98% to settle at Rs 6,877 on the BSE.
Fashion Value Chain
08-07-2025
- Business
- Fashion Value Chain
Mobile Global Esports (MGAM) Launches First Dominus Fantasy Baseball League and Begins Generating Revenue
Mobile Global Esports Inc. (OTC:MGAM), a next-generation technology and digital media company focused on the convergence of gaming, sports, entertainment, and AI, today announced that it has begun generating revenue, marking a significant inflection point in the companys evolution. This initial revenue is the result of the successful beta launch of Dominus Baseball, the first product under the Dominus umbrella. The company also plans to launch Dominus Football in the coming weeks, with multiple additional platforms and monetization channels set to follow. This milestone comes on the heels of a significant strategic shift under new leadership. The company has transitioned away from its legacy esports positioning to a more expansive model rooted in proprietary intellectual property, next-gen platform development, and real-time audience engagement. 'After nearly 30 years in the gaming industry, Ive seen countless companies rise and fall,' said Steve Berman, Chief Operating Officer. 'What sets sustainable companies apart is a culture of discipline, especially in how they evaluate new opportunities. At MGAM, we arent chasing trends. We move forward only when a product or model has been fully vetted for long-term revenue potential, risk, and regulatory impact. Its a constant balancing act: early-stage companies need to move quickly, but the decisions that matter most often require patience and precision. Thats where experience makes all the difference.' The Companys product pipeline includes a suite of interactive platforms, such as ProveIt (a skill-based audience competition for sports and entertainment), PUHZL (a proprietary dynamic profile technology), and Dominus, a high-integrity engagement framework for fantasy and real-money play. Each product is designed to unlock several more new revenue streams and reshape user experiences across fan-driven digital ecosystems. 'Our mission has always been to build platforms that bring audiences closer to the action,' said Brett Rosin, Chief Executive Officer. 'We want to build an environment of gameplay that gives the user decision making power while merging it with real stats and simulation. With revenue now in motion and momentum building, were confident in our ability to scale across consumer and enterprise channels while simultaneously building shareholder value.' MGAM plans to announce further details around product launches, strategic partnerships, and additional revenue-generating initiatives over the coming weeks. About Mobile Global Esports Inc. Mobile Global Esports Inc. (OTC:MGAM) is a technology and digital media company redefining how fans and consumers interact with sports, entertainment, and gamified experiences. Through proprietary IP and platform innovation, MGAM is building immersive, skill-based environments that merge real-time engagement with scalable monetization. The companys product portfolio encompasses fan engagement, AI-driven interactions, interactive media, and curated experiences tailored for the modern digital economy. MGAM is headquartered in Westport, Connecticut. Safe Harbor Statement This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about MGAMs future revenue growth, product launches, market strategy, and business outlook, are forward-looking statements. These statements are subject to risks and uncertainties that could cause actual results to differ materially, including but not limited to market conditions, product development timelines, regulatory issues, and competitive pressures. MGAM disclaims any obligation to update or revise any forward-looking statements, except as required by law.
